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1099R Box 5 not deducted from taxable amount
I have a 1099R where box 1 and 2a are the same number. There is also an entry in box 5 for the insurance cost I had. Shouldn't box 5 be deducted from box 1 to get box 2a? If not, I am itemizing my medical costs, should I include the amount in box 5 as an insurance premium?
a little detail... Box 1 is equal to the amount I actually got paid each month plus the amount shown in Box 5
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March 2, 2025
11:45 AM